Lending platform for consumer loans

Basic Information

EarlySalary is one of India’s leading consumer lending apps focused on young, aspirational and tech-savvy Indian consumers. It is a financial ecosystem that enables the mid-income group to upgrade their lifestyle. It has launched a host of financial products short-term Instant Cash Loans, long-term Personal Loans, Buy Now Pay Later plans, and the SalaryCard. It offers a 100% digital loan application process that takes just seconds to complete. The company has already disbursed nearly 2.4 million loans worth Rs. 5,400 crores. The company uses new-age technologies like AI/ML and automation to process loans in just minutes. It creates a user’s Social Worth Score to approve and process loans. Social Worth Score combines credit bureau reports & social media details of the user and helps the company in decision-making. Users can get instant fund transfers to their bank account and can use it as per their requirement. The app is available for android and ios for both platforms. See more

Headquarters

:

Pune, Maharashtra, India

Business Model

:

B2C, 

B2B 

Founding Date

:

2015

No. of Employees

:

501 to 1000

Core Team

:
1.

Akshay Mehrotra

Co-Founder & CEO

2.

Ashish Goyal

Co-Founder & CFO

3.

Vimal Saboo

Chief Business Officer

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Funding

Investors

:

1.

Chiratae Ventures

2.

GenNext Ventures

3.

Eight Roads Ventures

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Detail Round Breakdown

Round 1
Round 2
Round 3
Round 4
Round 5
Round 6

$1.12M

Series Name

:

SEED

Date

:

25th Nov 2015

Investors

:
1.

Ashok Agarwal